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tell me Journal entries passed in system from the time of
good receipt to payment.
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Answer Posted / rajesh rabari
Check The following accounting entry for the Material
receipt to Payment.
1) Goods Receipt (MIGO)
Stock Acc Dr
to Gr/IR Account Cr
if material is excisable.
than need to be posting accounting for excise part 2.
Input Excise (receivable) Dr
to Cenvat Clearing cr
Invoice receipt (MIRO)
Gr/IR Dr
Cenvat Clearing DR
To Vendor Cr
Payment
Vendor Dr
to Outgoing bank/Cash Cr
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